Bill
Bill > LD888
summary
Introduced
03/04/2025
03/04/2025
In Committee
03/04/2025
03/04/2025
Crossed Over
05/13/2025
05/13/2025
Passed
05/14/2025
05/14/2025
Dead
Introduced Session
Potential new amendment
132nd Legislature
Bill Summary
This bill changes the property tax benefits for veterans of the Armed Forces of the United States for property tax years beginning on or after April 1, 2026. The bill provides that veterans are no longer required to have served during a federally recognized war period and receive an exemption of up to $5,000 of the just value of the property. It provides that veterans who are 62 years of age or older receive an exemption of up to $6,000 of the just value of the property. It also provides that veterans receive an exemption of between $10,000 and $50,000 based on their United States Department of Veterans Affairs service- connected disability rating. The bill provides that a veteran's unremarried surviving spouse, minor child or parent remains eligible for the benefit that the veteran would be eligible for if the veteran was living.
AI Summary
This bill expands property tax relief for veterans and their surviving family members in Maine by making several key changes to existing tax exemption laws. The bill reduces the standard veteran property tax exemption from $6,000 to $5,000, but introduces a new provision for veterans 62 years or older that maintains the $6,000 exemption. It also creates a new tier of exemptions based on service-connected disability ratings, ranging from $10,000 for veterans with a 60% disability rating to $50,000 for those with a 100% disability rating. Additionally, the bill broadens the definition of "veteran" to include unremarried surviving spouses, minor children, and parents of deceased veterans who receive federal pension or compensation. The bill clarifies and simplifies existing language around veteran property tax exemptions, removes some outdated provisions, and updates terminology (such as changing "widow or widower" to "surviving spouse"). These changes aim to provide more comprehensive and meaningful property tax relief for veterans and their families, with the new provisions set to take effect for property tax years beginning on or after April 1, 2026.
Committee Categories
Budget and Finance
Sponsors (8)
Ben Hymes (R)*,
Barbara Bagshaw (R),
Amanda Collamore (R),
Brad Farrin (R),
Tiffany Roberts (D),
Peggy Rotundo (D),
Trey Stewart (R),
Jim Thorne (R),
Last Action
CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800. (on 06/25/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=888&snum=132 |
| House: C-A (H-143) | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0574&item=2&snum=132 |
| Fiscal Note: C-A (H-143) | https://legislature.maine.gov/legis/bills/bills_132nd/fiscalpdfs/FN088802.pdf |
| Fiscal Note: Text | https://legislature.maine.gov/legis/bills/bills_132nd/fiscalpdfs/FN088801.pdf |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0574&item=1&snum=132 |
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